Migrants Sent $6 Billion From India Back To Home Countries In 2016: Report

Migrants residing in India sent an estimated $5.6 Billion to family members in their home countries in 2016, according to new report by the Pew Research Center. Which also noted that $62.7 billion was sent back to India by foreign-based Indian workers.

The remittance number is based on calculations by the World Bank. Personal remittances are defined by the World Bank as “the sum of personal transfers and compensation of employees.”

In total, more than $5.68 billion of remittances flowed out of India in 2016.

The leading recipients of the exported remittances are people in Bangladesh, Nepal, and Sri Lanka, reflecting the growing size of Bangladeshi, Nepali, and Srilankan migration into India.

Top countries that received the most in remittances, funds flowed out of India:

Bangladesh: $4,060,000,000

Nepal: $971,000,000

Sri Lanka: $524,000,000

China: $39,000,000

France: $14,000,000

Malaysia: $11,000,000

Germany $9,000,000

Nigeria $9,000,000

Burma (Myanmar) $8,000,000

Kenya: $6,000,000

United States: $6,000,000

Saudi Arabia: $5,000,000

United Kingdom: $4,000,000

Australia: $3,000,000

Bhutan: $3,000,000

Japan: $3,000,000

Canada: $2,000,000

Uganda: $2,000,000

Vietnam: $2,000,000

Indonesia: $1,000,000

Iran: $1,000,000

Afghanistan: <$1,000,000

Fiji: <$1,000,000

Iraq: <$1,000,000

Kazakhstan: <$1,000,000

Kuwait: <$1,000,000

Maldives: <$1,000,000

Mauritius: <$1,000,000

Portugal: <$1,000,000

Russia: <$1,000,000

Remittance Flows In India, 2016: An estimated $62,744,000,000 in remittances was sent to India from other countries in 2016

The incoming outweighs the outgoing by a staggering amount. The United Arab Emirates, again at the top, is responsible for only $12.5 billion coming into India. United States is second with $10.6 billion.These are the top 30 countires: